[wcoenen]

Howcome gasoline is so cheap in the US? Here in Belgium prices are between 1.5 and 1.6 euro/liter, which corresponds to 6.5 to 7 dollar/gallon.

[ph0rque]

Taxes (https://upload.wikimedia.org/wikipedia/commons/a/a8/Gas_and_...)

[kevin_thibedeau]

Taxes are low and there would be a mass revolt if they were jacked up to European levels.

[megaman22]

Fracking, and development of all that domestic shale oil that became economical to exploit when oil prices were through the roof previously, as I understand it.

[shiftpgdn]

Oil is sold on a global market. In fact the state of Texas is due to become a large producer/exporter than the nation of Iraq in the next year or two. Differences in price are due to regional taxes.